D.C. Mun. Regs. tit. 26, r. 26-B256

Current through Register Vol. 71, No. 50, December 13, 2024

Rule 26-B256 - OFFERINGS THROUGH INTERNET SITES

256.1

The following requirements apply to any offer or sale of securities through Internet sites pursuant to the exemption:

(a) Any person acting as an Internet site operator must be an issuer, broker-dealer licensed in the District, or a Funding Portal that is in compliance with all District, SEC and FINRA requirements, including if it is a Funding Portal, making any required notice filings with the Department of Insurance, Securities and Banking.

(b) Internet site operators must comply with all District, SEC and FINRA requirements applicable to intrastate offerings through the internet.

(c) Internet site operators shall maintain records of all offers and sales of securities effected through its Internet site.

D.C. Mun. Regs. tit. 26, r. 26-B256

Final Rulemaking published at 61 DCR 11203 (October 24, 2014)